Negative press about the quality of properties built by housebuilder Bovis has seen another £3.5m being put aside to pay for repairs
Housebuilder Bovis Homes came under fire earlier this year regarding the standard of construction across its new properties portfolio. In February, the firm pledged a £7m compensation package to fix poorly built homes. Now, it has revealed a further £3.5m funding package will be put aside to fix problems.
Difficult year
It has undoubtedly been a tumultuous year for the housebuilder, with profit warnings issued and two failed takeover bids put forward from Galliford Try and Redrow.
The company had seen negative press after buyers complained about the quality of their new build homes. Issues ranged from faulty plumbing to unfinished tiles and came at a time when new build standards were at the forefront of discussion. New homeowners said they had been prevented from speaking out about the low quality of builds and the NHBC came under fire for looking after the interests of housebuilders rather than consumers.
Bovis’ decision to put aside £3.5m extra to deal with construction problems on their new builds will go some way towards tackling customer complaints, but the said it had suffered as a result, seeing sales and completion numbers fall.
In a statement, the housebuilder said: “This further provision will ensure we are fully resourced to complete the works identified as swiftly as possible whilst at the same time delivering the appropriate high level of service to our new customers.”
